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California Home Prices Hit Record-high in May as Sales Dip

California Home Prices Hit Record-high in May as Sales Dip

According to the California Association of Realtors, California's median home price reached a new high in May 2018, while home sales retreated both on a monthly and annual basis, wiping out most of the gains posted for the year. Read More »


41.5 Million Americans to Travel Memorial Day Weekend

41.5 Million Americans to Travel Memorial Day Weekend

According to AAA, more than 41.5 million Americans will travel this 2018 Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years. Read More »

California's Spring Home Selling Season Delivers Mixed Results in 2018

California's Spring Home Selling Season Delivers Mixed Results in 2018

According to the California Association of Realtors, California's spring housing market posted mixed results as home sales cooled in April 2018, yet home prices continued to accelerate, especially in the San Francisco Bay Area region. Read More »

Foreign Investors Buy U.S. Net-Lease Properties, More Than Others

Foreign Investors Buy U.S. Net-Lease Properties, More Than Others

A strong rising demand for U.S. net-lease real estate led to $57.8 billion in investment volume in 2017 -- the second-highest annual total since CBRE began tracking 2002. Read More »


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Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated June 20, 2018 9:00 AM ET

San Diego Property News

Home prices increased nationally by 7 percent year over year from March 2017 to March 2018, while on a month-over-month basis, prices increased by 1.4 percent in March 2018 - compared with February 2018 - according to the CoreLogic HPI.

U.S. commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017.

Over 64 million Americans live in multigenerational households, which is based on a report by the Pew Research Center, Washington, D.C.

According to Zillow, U.S. home values have been appreciating more per working hour than local minimum wage pays in about half of the nation's 50 largest cities.

According to the California Association of Realtors, led by the San Francisco Bay region, California home sales registered healthy gains in February 2018 on both a monthly and annual basis after January's weak start.

Median home prices in U.S. zip codes in the highest 20 percent for environmental hazard risk appreciated at a faster pace than the overall U.S housing market over the past year.

According to the California Association of Realtors, after hitting a 10-year low in third-quarter 2017, slightly lower home prices and steady mortgage rates allowed more Californians to purchase a home in the fourth quarter of 2017.

U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008.

According to CBRE's recently released 2018 U.S. Real Estate Market Outlook, the aging U.S. population will be a significant tailwind for medical-office demand in the years ahead.

Multiple factors are propelling the U.S. life-science industry in 2018, and by extension the real estate that supports it, to strong growth, thereby positioning research-and-development centers like Boston and California's Bay Area for outsized gains.

Existing-home sales in U.S. surged for the third straight month in November 2017, and reached their strongest pace in almost 11 years. All major regions except for the West saw a significant hike.

A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value (RCV) of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires.

California's home sales lost momentum in October 2017 to post the first back-to-back annual sales decline in more than a year as a stubbornly low supply of available homes for sale continued to plague the market.

Nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 -- representing 1.58 percent of all U.S. residential properties.

According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October 2017. This was the highest reading since May 2017.

With the economy expected to continue growing, housing demand should remain strong and incrementally boost California's housing market in 2018

According to the U.S. Department of Housing and Urban Development and the Commerce Department, nationwide housing starts fell 4.8 percent in July to a seasonally adjusted annual rate of 1.16 million units.

According to the National Association of Home Builders/First American Leading Markets Index, nearly 300 U.S. housing markets posted an increase in economic and housing activity.


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